Milliardaire russe oleg deripaska biography

One of the world's richest men has told Sky News that the British economy is "lagging" the rest of the world and that "the UK Government should listen more to City bankers".

In an exclusive interview with Oleg Deripaska, the Russian oligarch told Sky Business Presenter Jeff Randall that in his view the City of London is not as attractive a place to raise finance as either the United States or Asia, and that the UK needs to "stay competitive" to attract foreign business investment.

In particular, the billionaire blames the "conservative" nature of UK financial regulation as a disincentive.

In 2010 Mr Deripaska listed Rusal, the world's biggest aluminium producer, in Hong Kong, not London.

But he says that he does believe that Britain has proved "lucky and clever" in avoiding the eurozone crisis by taking the decision to stay out of the European single currency.

Mr Deripaska denied that he or indeed other Russian business l